The Reason Why Facebook Is Worth More Than Coke and AT&T

daily chart July 24 2014

A slight down day with the Dow Jones down 3 points (-0.02%) and the Nasdaq down 2 points (-0.04%)

The market continues to perform exactly as per our internal forecasts. And while most of Wall Street traders doze off somewhere in the Hamptons, the market was able to set another speculative bubble benchmark that is too hard to believe.

Facebook Is Now Valued Higher Than Coke and AT&T. 

Now the company’s $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T. It’s not a member of the Dow industrials, but if it were, it would be larger than two-thirds of that index’s 30 members.

There you have it. The company with $2 Billion in Net Income is worth more than a company with $19 Billion in Net Income. Yeah, yeah, I know………Facebook will take over the world and we will have ads coming out of our ears. Yet, Facebook’s valuation tells us very little about the true value of the company and everything we need to know about the state of today’s financial bubble. In other words, those who cannot see a massive stock market bubble, by any measure, will suffer significant losses over the next few years.

This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014-2017. In fact, when it starts it will very quickly retrace most of the gains accrued over the last few years.  If you would be interested in learning when the bear market of 2014-2017 will start (to the day) and its internal composition, please CLICK HERE

(***Please Note: Due to my obligations to my Subscribers I am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, please Click Here). Daily Stock Market Update. July 24th, 2014 InvestWithAlex.com

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